Bitcoin ETF

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Crypto net inflows hit $542 million with BlackRock and Fidelity at the forefront 
Recent data from <a href="https://farside.co.uk/?p=997" rel="nofollow noopener" target="_blank">Farside Investors</a> highlights a significant surge in cryptocurrency net inflows on February 9th, totaling $542 million. 
Leading the pack, BlackRock’s IBIT accounted for nearly half of these inflows, amassing $251 million and bolstering their total net inflow to an impressive $3.8 billion. This increase has expanded BlackRock’s <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/">Bitcoin</a> holdings to 87,779, as detailed on <a href="https://www.ishares.com/us/products/333011/ishares-bitcoin-trust" rel="nofollow noopener" target="_blank">Ishares.com</a>. 
<img fetchpriority="high" decoding="async" class="size-full wp-image-30556 alignnone" src="https://crypto.ro/en/wp-content/uploads/2024/02/IMG_5174.png" alt="IMG 5174" width="393" height="227" title="Bitcoin ETF net inflows hit $542 million with BlackRock and Fidelity at the forefront 2" srcset="https://crypto.ro/en/wp-content/uploads/2024/02/IMG_5174.png 393w, https://crypto.ro/en/wp-content/uploads/2024/02/IMG_5174-300x173.png 300w" sizes="(max-width: 393px) 100vw, 393px"> 
This influx follows a remarkable day on February 8th, which saw over $400 million in net inflows. 
Fidelity’s FBTC also achieved a significant milestone by surpassing $3 billion in net inflows, with an addition of $188 million. Ark Invest’s ARKB closely followed, with net inflows of $137 million, nudging its total just under $1 billion, with a cumulative net inflow of $919 million, according to Farside Investors. 
In contrast, Grayscale’s Bitcoin Trust (GBTC) saw net outflows of -$52 million, contributing to a total net outflow of -$6.4 billion. 
Despite these outflows from GBTC, the overall net inflows for the sector reached $2.7 billion, indicating a strong investor appetite for cryptocurrency assets among leading investment firms.

Bitcoin ETF net inflows hit $542 million with BlackRock and Fidelity at the forefront

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